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Protect your assets, chances are far better than not that the kind of a Trust that you'd end up with would be this very kind of an entity; some sort of a Statutory Trust. A typical example might be as follows: Mom and dad wish to pass along some or all of their wealth to their heirs, perhaps sons, daughters, grandsons or granddaughters, etc. The attorney or bank trust dept. would draw up the appropriate Trust Agreement that would set forth the wishes of what is called in the law, the Grantors,.

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